Indonesia finance ministry pledges to continue tapering fiscal support


JAKARTA, March 24 (Reuters): Indonesia will not withdraw fiscal support for the economy abruptly, but will continue lowering the deficit, with the 2022 budget gap set to be below this year's level, Finance Minister Sri Mulyani Indrawati said on Wednesday.

Her remarks come amid concerns about the risk of cutting fiscal support too rapidly. The government has allowed itself larger budget deficits only for three years from 2020. By 2023, its fiscal gap has to drop to below a legal limit of 3% of gross domestic product.

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